We are an "emerging growth company" under the federal securities laws and will be subject to reduced public company reporting requirements. Investing in our units may be considered speculative and involves a high degree of risk, including the risk of a substantial or total loss of investment. Risks involved in an investment in us include (among others) the following:

(1) We were recently formed and have no operating history. We are subject to all of the business risks and uncertainties associated with any new business, including the risk that we will not achieve our investment objectives and that the value of our units could decline substantially.

(2) This is a "blind pool" offering because we have not identified any investments to acquire with the net proceeds of this offering. You will not be able to evaluate our investments prior to purchasing units. We may change our investment policies without unitholder consent, which could result in investments that are different from those described in this prospectus.

(3) We may not achieve investment results that will allow us to make distributions on a monthly basis or at a specified level.

(4) We may pay distributions from any source and there are no limits on the amount of proceeds or borrowings we may use to fund distributions. If we pay distributions from sources other than our cash flow from operations, we will have less funds available for the investments, and your overall return may be reduced.

(5) We are dependent upon our key management personnel and the key management personnel of our Advisor, and on the continued operations of our Advisor, for our future success.

(6) We intend to make non-U.S. investments which involve certain legal, geopolitical, investment, repatriation and transparency risks not typically associated with U.S. investments.

(7) There are substantial conflicts among the interests of our investors, our interests and the interests of our Advisor, dealer manager and their respective affiliates regarding compensation, investment opportunities and management resources.

(8) Since this is a "best-efforts" offering, there is neither any requirement, nor any assurance, that more than the minimum offering amount will be raised.

(9) The units sold in this offering will not be listed on an exchange for the foreseeable future, if ever. Therefore, if you purchase units in this offering, it will be difficult for you to sell your units and, if you are able to sell your units, you will likely sell them at a substantial discount.

(10) This investment relies, in part, on federal and state incentives currently in place to support the renewable energy industry. These incentives may be discontinued, reduced, or otherwise adversely modified in the future which may ultimately adversely affect investors' returns.

(11) Even after we commence quarterly valuations of our assets, the price of our units may not be indicative of the price at which such units would trade if they were listed on an exchange or actively traded by brokers nor would the share price be indicative of the proceeds that a unitholder would receive if we were liquidated or dissolved.

(12) We will be subject to risks incident to making loans to small and medium sized enterprises in developing countries.

(13) You will experience substantial dillution in the net tangible book value of your units equal to the offering costs associated with your units.

(14) Greenbacker includes substantial fees, expenses and sales charges that may materially reduce an investor's return.





This presentation contains forward-looking statements within the meaning of federal securities laws and regulations relating to the business and financial outlook of Greenbacker Renewable Energy Corporation that are based on management's current expectations, estimates, forecasts and projections and are not guarantees of future performance. These forward-looking statements are identified by their use of terms and phrases such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will” and other similar terms and phrases, including references to assumptions and forecasts of future results. Actual results may differ materially from those expressed in these forward looking statements. You should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this brochure. Forward-looking statements in this brochure speak only as of the date on which such statements were made, and Greenbacker Renewable Energy Corporation undertakes no obligation to update any such statements that may become untrue because of subsequent events.